Militants are increasingly funding
themselves through kidnapping, with al Qaeda’s North African wing likely to
have brought in tens of millions of dollars in ransoms in the past few years, a
senior U.S. Treasury official said.
themselves through kidnapping, with al Qaeda’s North African wing likely to
have brought in tens of millions of dollars in ransoms in the past few years, a
senior U.S. Treasury official said.
The U.S. estimates that militant organisations received 120
million dollars in ransoms over the past decade, including that paid to al
Qaeda in the Islamic Maghreb (AQIM) in recent years, said David Cohen,
U.S.under-secretary for terrorism and financial intelligence.
million dollars in ransoms over the past decade, including that paid to al
Qaeda in the Islamic Maghreb (AQIM) in recent years, said David Cohen,
U.S.under-secretary for terrorism and financial intelligence.
Kidnapping for ransom was an “urgent threat’’, particularly in
the Sahel, a belt of land spanning nearly a dozen of the world’s poorest
nations on the Sahara’s southern rim, Cohen said.
“It is what has become perhaps the most challenging and fastest
growing technique that terrorist organisations, in particular the affiliates of
al Qaeda in North Africa and in Yemen, have been using to fund themselves over
the last couple of years.’’
growing technique that terrorist organisations, in particular the affiliates of
al Qaeda in North Africa and in Yemen, have been using to fund themselves over
the last couple of years.’’
Cohen said the average ransom had gone up consistently over the
years and was in the range of five million dollars per payment.
years and was in the range of five million dollars per payment.
“So, it is a growing and really quite urgent threat,
particularly in North Africa, in the Sahel and in Mali in particular, where
AQIM has now managed to claim dominion over a large territory.’’
particularly in North Africa, in the Sahel and in Mali in particular, where
AQIM has now managed to claim dominion over a large territory.’’
AQIM emerged out of Algeria’s civil conflict and has expanded
south into the Sahara, raising its profile in recent years with hit-and-run
attacks and kidnappings of westerners.Militant groups have benefited from
lapses in security across the region as countries transition from years of
dictatorship to democratic government.
south into the Sahara, raising its profile in recent years with hit-and-run
attacks and kidnappings of westerners.Militant groups have benefited from
lapses in security across the region as countries transition from years of
dictatorship to democratic government.
Cohen, on a week-long trip that includes stops in Britain,
France, Germany and Italy, said he was talking with other governments in the
hope of developing a unified approach to the kidnapping problem.
France, Germany and Italy, said he was talking with other governments in the
hope of developing a unified approach to the kidnapping problem.
While the U.S. government has a policy of not paying ransoms,
some European governments do so.
some European governments do so.
Talks were centred around steps to prevent kidnappings happening
in the first place, the handling of hostage situations when they occur, and the
tracing of financial flows when ransoms are paid, Cohen said.
in the first place, the handling of hostage situations when they occur, and the
tracing of financial flows when ransoms are paid, Cohen said.
Iran and Syria were the other main topics of discussion with his
European counterparts, he said
European counterparts, he said
Sanctions against Syria over the past 18 months had taken a
“significant bite’’ out of the government’s finances, he said, declining to
give figures.
“significant bite’’ out of the government’s finances, he said, declining to
give figures.
“You have a situation where the Syrian government is spending
at a greater rate.
at a greater rate.
“They are spending on security needs, on providing subsidies to
their citizens, at the same time the revenue side of the ledger is being
significantly restrained.
their citizens, at the same time the revenue side of the ledger is being
significantly restrained.
“The natural impact of that is that their reserves are
depleting.’’
depleting.’’
